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Exact(10)
What is needed is a simpler structure, less riddled with discretion-based exemptions, and a broader tax base.In particular, the government needs to fulfil its pledge (and that of the previous administration) to introduce a nationwide value-added tax to replace the current hotch-potch of sales taxes and excise and customs duties.
They need to be paid more, and for that you need a broader tax base.
Breaking the companies up would lead to "more hiring, a broader tax base, more competitors . . .
A broader tax base means increased revenues, better governance, more accountability and fair economic competition — to the benefit of everyone.
The proposal is "revenue-neutral," meaning that even though the rate comes down, the amount of revenue collected will not change, because of a broader tax base.
They don't take into account long-term gains like a broader tax base, more investment, and an influx of entrepreneurial talent.
Similar(49)
Constructing a tax system that would combine a broad tax base with moderate marginal tax rates.
I just want a tax system with a broad tax base, which allows for lower overall rates.
Yer what?Tory chancellors also sought fiscal neutrality: low marginal tax rates, a broad tax base, and the closing of tax loopholes.
Limiting government spending while ensuring a broad tax base is entirely consistent with achieving robust economic growth over the coming decades.
With a broad tax base the GST rate could be as low as 12% 5% for the centre and 7% for the states.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com